USAA Secured Card® American Express® Card
- Best for members rebuilding or establishing credit.
- Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
- No foreign transaction fees when you travel outside the United States.
|Credit Target||Type||Annual Fee||BT Intro APR||Purchase Intro APR||Regular APR||Rewards|
|Fair Credit, Above Average Credit||Partially Secured||$35||N/A*||N/A*||10.40%-20.40% (Variable)||None|
This offer is issued by USAA Savings Bank. Rates may vary among applicants, however the lowest standard APR is 10.4%* and may be as high as 20.4%* (Variable)*, depending on your credit worthiness*.
There is not an introductory APR for this card, so the lowest or standard rate may apply immediately or after the grace period for eligible purchases. There is an annual fee of $35* for this card.
This is not a rewards card. It is normal for cards for fair and poor credit histories to not offer rewards.
Credit Record Needed:
Based on the FICO score recommendation, applicants should have a recently clean credit record, with no recent negative marks on their report. However the card issuer may expect limited discrepancies. A FICO credit score of 617 is recommended for a higher chance of approval, but this is not required. There are a number of other factors that this issuer may also consider when making decisions for approval. While your FICO score is usually a very important factor, you may want to consider other areas that may affect a decision for approval. For example, your debt to income ratio, recent credit inquiries, 30+ day delinquencies, or current credit accounts nearing the maximum amount may affect a credit decision.
FICO scores/credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, a credit score alone does not guarantee or imply approval for any USAA Savings Bank product.
American Express acceptance among businesses is moderate, but global. You should not have a difficult time finding businesses that will accept this card as a form of payment.
Our Editor's Commentary:
The USAA Secured Card® American Express® Card is a real credit card with many real benefits.
When you apply, you will also open a USAA two year certificate of deposit. This is used as a security deposit, but remember this: it remains yours as long as you don't default on payments.
In the world of secured credit cards, this offer is a true winner. You can use the USAA Secured Card® American Express® Card to make purchases, and of course, build or improve your credit.
There were 3 people that reported their status to us after they applied. They provided us with helpful qualification information, including their credit scores, the rates offered to them, household income and more. 100% of those applicants were approved.
This card has a very poor approval or acceptance rate. Since this is a card for fair credit, numerous factors may influence this rate, including the APR, fees, or past applicants credit record and income levels. Furthermore, if your FICO score is close to or higher than 617, then your chance of approval may be even greater.
Approval time for this offer is not listed. You should expect a final credit decision within a couple of weeks, but normally much sooner.
Based on community reviews, we found that 100% of 1 user recommend this card.
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